Tencent Holdings spending plans will draw investor scrutiny as investors cool on lavish outlays on artificial intelligence. Last month, the Magnificent Seven lost $797 billion in a day after Google parent Alphabet raised capital expenditure plans while its cash flow turned negative for the first time since going public. That’s raising the pressure for Tencent, weeks after the WeChat owner raised $4.7 billion from the sale of long-dated dollar and yuan bonds in its largest bond offering since 2020 to finance the development of its AI products and services. ADVERTISEMENT CONTINUE READING BELOWMeanwhile, prints from Hon Hai Precision Industry Co and Lenovo Group will show tailwinds on the hardware side of the tech industry. © 2026 Bloomberg